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done in 2011. if you remember, math by details in the sitdown between boehner and obama last year. boehner's office wouldn't write the number 800 billion in its initial offer to the white house because they didn't want other house republicans to see that. the fact that that figure is on the table and boehner is taking to the air waives to say, you know who's going to get soaked here? the rich. is a shocking reversal of where the republican party was i agree ago. >> look at this. these are some smert conservatives. byron york in "the weekly standard," and john padora, bill kristol are all saying the republicans have to do something. they're playing a losing hand. fedoris writes, every way you look at it, the gop is trapped. republican politicians will cave and give the president most of what he wants. the only real question is, when? the answer is,ç probably at th worst possible time when they've done even more damage to the party's brand. governor, if you were a republican today, would you sitting down say, you know we have to eat this, deal with this top 2%, we can't be seen as
story, the fiscal cliff debate. and fox 5 learned that president obama and john boehner spoke on the issue today, but the results have not been made public. the white house is asking federal agencies to plan for $100 billion in spending cuts and that is what happened if not resolved. administration believes the deal will be done. john boehner made an offer earlier this week putting $800 billion on new revenue on the table. he got hit hard by the administration and members of his own party. >> we have to cut spending and, i believe, it's super flowous. >> and that is a law, higher rates to go up for the 2072%, including all of you. yes. >> reporter: president obama was speaking to business leaders when he made the comment. he insists he will veto any bill not including tax increases on wealthier americans. >>> the defense department started planning for the roughly $500 billion in personnel cuts. the pin is not talking to the defense contractors of public plans. >>> the council made it clear that it's not following the mayor's lead on several issues. it was evident last night d
risky is it for boehner to take on the tea party? >> well look, he can't respond to obama by simply saying nothing or stomping his feet. so he did come back with a plan. he said this is not my idea. i'm just cutting and pacing and pasting the stuff that he said. he said we could get $800 billion from limiting deductions or capping them, but he does not specify what they are. if you think there was people throwing a fit in washington today, wait until they come out and say this means getting rid of the mortgage deduction that people get on their mortgages or giving money to their church or university, that's where the money is in deductions. that's something that a lot of people use and it has very powerful support in the country washington and the country at large. >> jennifer: if you do that by closing loopholes you still can't come up with enough money unless you basically eliminate them right? >> right, and you know, it's a few $100 billion perhaps. again, i don't think it's sort of asymmetrical warfare. the obamas put together a plan. if you jack up the rates on the top earners
do you think? >> yes. you know, john boehner has president obama's phone number and he has used it and the president has answered the call unlike the night when president obama called john boehner on election day and john boehner didn't answer his call. i think that you have to have both parties willing to engage with each other and talk to each other. looking back at the 1980s, for example, when ronald reagan was president and tip o'neill was speaker of the house, they didn't agree but they sit down and talk and negotiate and compromise and today's republican party so hijacked by the right wing they're incapable of agreement. >> let's put aside the right wing here. we know that speaker boehner purged some of those seen as not being team players within his own party and we'll discuss the fact he's taken a hit for that. beyond the right wing or whatever you have numbers. you have exit polling. you have pew research poll that shows where the american people stand. if all of the people are there to represent us, meaning the people who are watching right now and the panel included h
with the fiscal cliff. this deal will only get done by president obama and john boehner making a deal. they came close in the summer of 2011. the parties are so polarized and partisans polarized this is a problem. >> i keep saying we need a presidential historian or hostage negotiator. somebody could say we've been at stalemates before, gotten over it, shut down the government in '96. tip o'neill and ronald reagan managed to solve problems and get along. listen to what john mccain said about what we need here. >> it's time now to sit across the table from one another, rather than -- in the way they did with ronald reagan and the way you get things done in washington. >> the way they did with ronald reagan and get things done in washington. you sit together and figure it out. they were at a holiday party they didn't talk to each other. they're issuing sort of statements and rebuttals and saying i'm not going to budge. >> negotiation by press release. this is not how things get done in washington and part of the problem of the growing incivility in washington. people don't work together the way th
into a civil war. did president obama disspeaker john boehner in a comment today. >> on the conservative side of the republican party today. with senator demint speaking on the idea that $800 billion of tax increases were offered. but he got the backing of mitch mcconnel. take a listen to what he had to say. >> i think it sis important tha the house leadership is trying to mov move it forward. i had hoped that we would be accomplishing more in the real talks. but i can tell you, there is nothing going on privately that is not going on publicly. even as he has to deal with this rebellion. he has to deal with democrats and harry reid's comments today give you a sense of where they are coming from. >> they have to come up with specific revenue. and they refuse to do that. it is a simple question of arithmetic. you can't get from here to there unless you raise the rates. so as you know in washington, a rebellion in the ranks like this could be a problem. but in the spohort-term, if it remains constrained. it could be a good negotiating term. he could say i have offered everything that i have and
boehner and president obama, is that at all in the works? >> as far as we know, no. whether it's in the works, we could only hope, at this point we do not have any indication that it is scheduled right now. never mind the principles, we don't have any word that there has been communications between their staff at all. what's flying out of the public still appears to be flying out of private, which is not a lot. >> the members are going home for a nice long weekend. thanks very much for that. president obama isn't negotiating like we just heard. he's negotiating to raise the tax rates on the rich as a downpayment on a larger deal to come later as far as taxes are concerned and medicare is concerned. >> let's allow higher rates to go up for the top two percent, that includes all of you, yes. but not in anyway that's going to affect your spending, your lifestyles or the economy in any significant way. let's make sure that 98% of americans don't see a single dime in tax increases next year. 97% of small businesses don't see an increase in taxes next year. and by doing that alone, w
the country needs. today we heard president obama's response to the proposal that house speaker john boehner put on the table yesterday. >> the speaker's proposal right now is still out of balance. >> of out of balance. kind of similar to what republicans said last week when the president sent over his terms. so now what? will they sit down and talk it through? well, not according to at least one senior republican aide who told cnn today, no conversations today, no e-mails, tweets, carrier pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with the president, multiple sources from both sides of the aisle tell cnn that boehner wasn't among them. so much for holiday cheer. we have this picture. we're wait fworg the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathyize with john boehner. the key party has a firm grip on the republican p
pigeons. as for boehner and obama, they actually did see each other in person at the white house holiday party last night in black tie. while other lawmakers waited in line to get the photo with the president, multiple sources from both sides of the aisle tell cnn that boehner wasn't among them. so much for holiday cheer. we have this picture. we're waiting for the day there's a fiscal cliff. there wasn't total silence in washington today. senate majority leader harry reid spoke up. but in his case, in the form of a swipe. >> i sympathize with john boehner. the key party has a firm grip on the republican party, and that's obvious, what's happened this morning here in washington. >> reporter: that disconnect in the gop was in the spotlight today. jim demint spoke out against boehner's proposal to the president. >> republicans should not be conceding that the federal government needs more money, negotiating with ourselves, and treating the president's proposal like it's serious. >> very critical of john boehner. and demint's press release aimed squarely at john boehner. $800 billion tax hi
that is scheduled to start any hour now. >>> also, we could hear president obama's response to speaker boehner's offer. he is is publicly pushing his plan to raise taxes on the wealthiest of americans. we'll bring that to you 50 minutes from now. >>> lawmakers are listening to responses of superstorm sandy. they are going to demand more funds for the cleanup. this is the third of four hearings scheduled. >>> and in houston, a history making mission to the international space station. scott kelly, the american astronaut, will speak about his next launch. if all goes as planned, it will set the longest record for a space mission for an american. we'll see what he's saying. "newsroom" starts right now. >>> good morning. thank you so much for being with us. i'm carol costello. this should be interesting. speaker john boehner is meeting with house republicans who are angry at his new pitch to raise 8$800 million in fiscal cliff negotiations. we're expecting a news conference any minute now on that meeting. we'll bring it to you live. nancy pelosi spoke about it a few hours ago. here's what she had
negotiations rewind to 2011 when boehner and president obama came within inches of a grand bargain, a deal that would have forced both democrats and republicans to eat their vegetables. in its comprehensive analysis of what happens during the secret negotiations, matt bai wrote -- the deal unraveled in large part because speaker boehner could not get his unruly caucus to go along with raising new revenue. fast forward to this year and republicans now think that deal, the one they walked away from, sounds pretty good. they're using it as a basis for their current proposal. only problem. boehner had his chance. president obama now thinks he has the upper hand. according to the "washington post's" ezra klein, quote -- >> joining us now representative chris van hollen of maryland, ranking member of the house budget committee. great to have you on the program. >> great to be with you, alex. >> let's talk a little bit about 2011 versus 2012, which is to say, the republican party is a very different negotiating position than they were last year and as ezra outlines, it sounds like john boehner wo
: that number has not moved. people are saying obama is reasonable boehner and the republicans unreasonable. easy got to make a deal in that sense, too. they're going to do the grand bargain. both sides are really, really motivated. both sides are super motivated. now really good piece of news about elizabeth warren. >> she was named to the bank committee. two senators retiring in january announced they're retirements. they were on the bank committee. the bank spent a lot of money to see her not get elected spent a lot of lobbying power to see her not named the the committee. remember, $3 million were given to scott brown by bankers in that campaign, $245,000 only to warren. >> they knocked her out of the consumer protection bureau, which was her idea. she just wants safe banking. she doesn't want banking she wants safer banking so your money is safe and they don't gamble with it. that's why the banks hate it. >> it's why smaller banks are not opposed to warren. >> that's a great point. i love that they put mention in there, hey banks we have to put elizabeth warren, but don't worry, we're
boehner will speak at any moment. his first public remarks since president obama drew a line in the sand insisting on raising tax rates on the rich. no deal without that. we hear from mr. boehner short lil' -- shortly. when he starts to speak, you will hear it live. also new at 10:00, an 8 minute cartoon video from a teacher's union in california that shows among other things a rich man urinating on the poor and the middle class. this is what the class warfare rhetoric has evolved into the formerly golden state. yep, believe me, we will have more on that later this hour with california resident mike reagan. >>> to the big board, we're right at 13,000, a gain of 51 points in the early going this wednesday morning. here's our company, charles payne is here. sandra smith is back. and nicole petallides on the floor of the new york stock exchange. and mark stein, conservative columnist supreme, author and christmas carol singer joins us as well. welcome to the program. president obama says i'm going to insist on raising tax rates on the rich. it is my opinion that the president wants to punis
warner. at 9:00 eastern, president obama and house spear jaub boehner and spoke about the fiscal cliff today. republicans might be willing to agree to higher tax rates on the wealthy in january. house speaker calling on the obama administration to respond to the republicans' deficit proposal. president obama is at 9:00 eastern followed by speaker boehner. >> this weekend on c-span 3's american history tv, follow harry truman's eldest grandson to japan. >> everybody has their own view what happened and i don't want to argue survival to anyone in japan about the history. we're past that. and my whole purpose for being here is to listen to the living and to do what i can. >> sunday at 9:00 p.m. eastern on c-span 3. >> the supreme court will look at what was passed in 2008 by a majority of 6-3 i believe and going to say that is precedent. and indiana had a -- >> they decided on the indiana case. it was constitutional for them to establish i.d. they did not say that all of those states -- >> correct, they talked about indiana. let me finish because you misrepresented what i said. >> no, i d
is at when the ball drops. president obama rejected speaker boehner's $2.2 trillion plan saying there's no deal without tax hikes for the wealthy. in an interview with bloomberg news warned about gamesmanship hurting the economy. >> i think america is poised to take off. and the question is, let's make sure we don't have a self-inflicted wound because there are silly games played up on capitol hill. >> let's bring in our wednesday gaggle. non-dcors. i'm curious what you think. nancy gibbs, deputy managing editor for "time" magazine and director editor of msnbc david wolfe. he's a new yorker now. eroll, let me start with you. watching what we're doing down in washington, does anybody outside of washington care? >> very much so. very much so. >> new york is paying attention because of all you wall street people. >> wall street and the defense cuts. there's a lot riding on it and a lot as far as people's preferences. the state votes for the president, the state votes for a president who said he was going to do certain things. you sort of wanted to see him at least get it done, get a clea
a >> that doesn't have the classic -- >> when do president obama and john boehner do the gangnam style dance and then we'll be in a better place. >> you know, i want to say quickly, that reminds me of al simpson doing that, say what you will about him. he has a showman's flare. when he retired from the senate in 1996, he came up to the kennedy school in cambridge and he was working there with robert reich and got together and pitched a public television show. it's alan simpson's 6'7", robert reich, 4'10" and called it the long and the short of it. >> i know you're not making it up. >> comedy and politics, road trips. i watched it! senior in high school. i even attended a taping. >> last question. will you boldly go on the record right now and right here to support a common sense solution. >> everyone has a different deaf situation of common sense. that's too easy. >> neil irwin, thank you for joining us. >>> ahead, washington may be stuck in the neutral but the rest of the country is moving forward. new numbers of pot and gay marriage will have you talking. it's in the spin cycle as we roll
. earlier, speaker boehner speaking about the fiscal cliff. now it is president obama. let's listen. >> we have emerged not yet where we need to be, but we certainly have made progress. the reason we have made progress in part is because of the outstanding management and productivity and gains and efficiencies that you have been able to achieve in each and every one of your companies. i have said this to some of the small groups, let me repeat it to the large groups, i am passionately rooting for your success. if the companies in this room are doing well, then, small businesses and medium size businesses up and down the chain are doing well. if companies in this room are doing well, then, folks get jobs, consumers get confidence and we will be able to compete around the world. now, the good news is, despite the extraordinary challenges we have seen over the last four years, there is progress in some key sectors of our economy. we have seen housing finally begin to bounce back for the first time. that has an enormous ripple effect throughout the economy. many of you, over the last two or th
. boehner and the republicans have to be aware of where obama's at in his own head and with his colleagues, which is no deal without some increase in rates, or we go over the cliff. >> let me just add one thing. when obama made that initial offer, we talked a little bit about how, you know, it was a wish list. it was ideological, whatever you want to say. i think it actually helped boehner in some respects because it gave him three or four things that he could then go back to his caucus and say, look, i moved obama off of this, this and this. and when boehner put his offer out there, you started to see what could potentially be a chip-trading process going on here, whereby you have some give on, you know, cpi, the inflation index for social security, and in exchange boehner would agree to some marginal rate in the tax rates. now the people need to start figuring out what they want to give and take. >> the only difference i would say, steve, between what the president wants and john boehner is it's not what john boehner wants. it's what john boehner can deliver. >> yeah. >> and this is a si
wants to be in, but talks have completely dried up. yesterday speaker john boehner and president obama did not speak and their staffs did not speak. so really this thing is at a standstill like we've never seen before. >> yeah. so the fact that we're not even talking now. the aides aren't even talking the each other. where does that leave us? how comfortable is everybody with this? when are they going to restart speaking? >> house republicans released their own proposal a couple days ago, which they thought made major concessions in offering up new tax revenue, which the party hasn't really done in decades. the president and his advisers immediately said that that was not a proposal worth considering. so really what we're waiting for is a counteroffer from the white house. the white house has to react in some way to this offer from house republicans. they haven't done that yet. so we're kind of waiting for that. republicans say the ball is in his court. listen, the president is still the president. he has to invite house republicans to the white house. he has to make that move to get t
hold their lines and no formal talks yesterday. president obama said he wasn't ruling out some reductions in entitlement programs such as medicare and social security, meanwhile house speaker john boehner has to win over hard liners in his own party. susan mcginnis is following it all. >> reporter: hi. good morning. there are some glimmers of common ground here among the two sides that could form the basis of a deal. the president is now talking about actually lowering the tax rate for the top 2% not now but later. and republicans are now taking some heat over their latest plan a lot of it from within their own party. >> five, four -- >> reporter: house speaker john boehner led the countdown to the lighting of the capitol hill christmas tree last night. >> one. >> reporter: but a different countdown weighs on the minds of these lawmakers, the countdown to the fiscal cliff. a series of tax increases and spending cuts due to kick in at the end the year. >> god bless us, everyone. >> reporter: speaker boehner offered the republican proposal this week and now he faces opposition fr
does president obama think of speaker boehner's proposal to avert the fiscal cliff? >> "unfortunately, the speaker's proposal right now is still out of balance he talks, for example, about a 800 billion dollars billion worth of revenues, but he says he will do that by lowering rates. when you look at the math, it doesand he won't agree to eliminate a tax dedication >> "every hospital and university and not for profit agency across the themselves on the verge of realistic option." >> but the president didn't say all this to speaker boehner -- he said it in an interview on bloomberg tv. the last time the two men spoke was almost a week ago. president obama is focused on the stalemate with congress over averting the fiscal cliff but he's just not talking to house republicans about it. at the white house, he discussed the issue with a bipartisan group of governors. >> "i know that the president certainly wants a deal. he didn't try to handicap it." and earlier this week, he told so called middle class americans on twitter keep pressure on congress, he's even ventured outside the beltway r
problems it seems to me is the relationship between john boehner and barack obama. just seems deeply flawed. they're at a party and they couldn't be bothered to shake hands. this is not the kind of way that adults, politicians, behave, is it, in a civilized society. they should be able to shake hands, be friendly, then get behind closed doors, shout at each other and get a deal done. but these two, they don't seem to have any time for each other at all. that can't help the process. >> well, piers, i wouldn't read too much into the christmas party at the white house. as i think you know, there are long lines to get your pictures taken with the president. speaker boehner has had his picture with the president many times. the president has had his picture with speaker boehner. but look, the important thing as you say is to get everybody together. now, the president's plan is very clear. he spells out exactly how he's going to get the revenue and he's very detailed about the cuts. what we would like to see is a similarly detailed plan from speaker boehner. as the president said, when you look a
page. president obama rejected the latest proposal from john boehner. the president and the democrats are focused on revenue and they are determined to make sure that the top tax rates go up. >> unfortunately, the speaker's proposal right now is still out of balance. he talks, for example, about $800 billion worth of revenues, but he says he's going to do that by lowering rates. when you look at the math, it doesn't work. >> harry reid wasted no time explaining why the boehner proposal is not serious. >> math. you can't get from here to there unless you raise the rates. that's why romney couldn't explain it during the presidential election. no one can explain it because you can't do it. >> jay carney says the speaker's plans raises more questions than answers. >> we don't know who pays. we don't know what we're talking about in terms of actual legislation to increase revenues. it's magic beans and fairy dust. >> john boehner's heavy-handed approach to leadership, boehner and the republican steering committee kicked four republican congressmen out of their committee seats for voting ag
, good evening. we're just now learning that president obama spoke to house speaker john boehner by phone this afternoon. but we're not hearing of any progress on avoiding the fiscal cliff or on raising the nation's debt ceiling which is currently at $16.4 trillion. there are new concerns about what could happen to the country's credit rating in the new year. each day toward the fiscal cliff is also another day closer to the country maxing out on its borrowing limit. president obama talked to business leaders today. >> the only thing that the debt ceiling is good for as a weapon is to destroy your credit rating. >> reporter: he's worried republicans may re newsto raise the country's debt ceiling to get their way on spending cuts and risk defaulting on the country's loans. >> that is a bad strategy for america. it's a bad strategy for your businesses. and it is not a game that i will play. >> reporter: republicans are pushing back. >> he's the president, not the emperorer. >> reporter: fiscal cliff negotiations have been at a stand still since monday when republicans proposed raising reven
, congressional aides say that is simply not happening. in fact, even when president obama and house speaker john boehner were in the same room together like they were last night at the white house holiday reception for congress members, they didn't even speak. the president was asked about that today. >> speaker boehner was here at the white house last night for a christmas party. the two of you didn't even speak. what's it going to take to get the two of you in a room to hash this out? >> well, speaker boehner and i speak frequently, and i think the issue right now -- >> when? when will the two of you sit down in a room? >> you know, i don't think that the issue right now has to do with sitting in a room. >> as i mentioned, the american people want the people they elected to sit down together, work it out. a new gallup poll shows 62% want government leaders to compromise on the fiscal cliff. just 25% said they should stick to their principles. so why is it that this congress and this white house can't seem to get together and compromise on a deal? it certainly isn't the first time republicans a
on the white house to do the same thing. >> speaker boehner, president obama -- [inaudible] the fox news poll after the november election said 60% of voters supported this going up. a new poll in "the washington post" says 53% of americans -- [inaudible] how long can you afford politically to have this hard line on those tax cuts for those making $250,000 or above? >> america faces a very serious problem. and our goal is to make sure it gets solved. we have a debt problem that is out of control. we've got to cut spending and i believe it's appropriate to put revenues on the table. now, the revenues we're putting on the table are going to come from, guess who? the rich. there are ways to limit deductions, close loopholes and have the same people pay more of their money to the federal government without raising tax rates which we believe will harm our economy. >> [inaudible] >> i think our members understand the seriousness of the situation that our country faces. trillion-dollar deficits for as far as the eye can see. $16 trillion worth of debt already on the books. every man, woman and child
'reling going to be able to get a deal without it. >> speaker boehner's counter offer yesterday to president obama which included a mythical increase in tax revenue of $800 billion obtained by reducing or eliminating unspecified tax deductions was taken seriously by no one in the senate except republican jim demipt. speaker boehner's $800 billion tax hike will destroy american jobs. the heritage foundation skewered the boehner counteroffer on its blog. at first blush, it appears little more than categorical preemptive capitulation. to be fair, the details of the republican proposal are extraordinarily vague to the extent it can be interpreted from the hazy details that it is utterly unacceptable. president obama said today there is a time and a place to discuss reforming the tax code. but that time is not now. >> what i've suggested is let's put a down payment on taxes, let's let tax rates on the upper income folks go up. let's let those go up. and then let's set up a process with a time certain at the end of 2013 or the fall of 2013 where we work on tax reform. we look at what loopholes and
remain light years apart. here's president obama, in an interview with bloomberg tv, describing house speaker john boehner's plan to avoid the fiscal cliff. >> unfortunately the speaker's proposal right now is still out of balance. >> reporter: the speaker's plan would raise $800 billion in tax revenue. but does so without raising tax rates for top income earners. the president says that's unacceptable. >> we're going to have to see the rates on the top 2% go up. and we're not going to be able to get a deal without it. >> reporter: republicans, like rising star senator marco rubio, say raising taxes on the wealthy is the wrong approach. >> the tax increases he wants would fail to make even a small dent in the debt. it would hurt middle-class businesses and the people who work for them. >> reporter: so, that's the major holdup, taxes. republicans and democrats deeply divided. >> there's nothing going on privately that's not going on public. >> reporter: amidst the political posturing, there may actually be a chance for compromise on medicare. president obama says he's open to raising t
-the-board tax hikes and budget cuts will automatically take effect. house speaker john boehner offered a republican proposal this week. but president obama quickly dismissed it because it includes no tax increase for the wealthiest americans. >> the speaker's proposal right now is still out of balance. >> there's only one person out of 307 million americans who can sign something into law. that's the president. >> a "washington post" poll shows 53% of americans will blame republicans if the nation goes over the so-called "fiscal cliff." 29% would hold the president responsible. >>> shares of pandora media fell nearly 20% in after-hours trading on a disurge asking outlook for their current quarter. the oakland-based internet radio company says it expects to lose between 6 and 9 cents a share in the 4th quarter. they reported 3rd quarter profits tripled to $2 million. that worked out to a penny a share and apparently not enough. >>> "star wars" franchise is officially gone to disneyland. federal regulators have cleared disney's $4 billion purchase. lucasfilm. filmmaker empire behind the
, house speaker john boehner did come to the white house last night for president obama's annual holiday party for members of congress, but he did not get in the receiving line to say hello to the president and get a picture taken with him as he has done in previous years and as dozens, if not hundreds, of members of congress did last night. diane? >> okay, jake tapper reporting from the white house tonight. >>> and now we head overseas. take a look at the size of this protest today in cairo, egypt, tahrir square, tens of thousands of protesters reeling from tear gas but determined to send a message to the world about their new duel over democracy, and here's abc's alex marquardt. >> reporter: they came by the tens of thousands hurling stones, pulling down barricades, riot police fired volleys of tear gas and retreated. as the masses grew, president mohammed morsi left the palace. ever since the revolution that captivated the world, egypt has struggled on its road to democracy. two weeks ago, president morsi gave himself unchecked powers -- he says to put egypt on a democratic path. ther
to be at a standstill, president obama told bloomberg news, the latest plan put forth by house speaker john boehner, simply does not add up. republicans have been equally dismissive of the last proposal from the president. tax rates on the wealthy remain the key sticking point between both sides. after a white house meeting tuesday, a bi- partisan group of governors expressed hope that an agreement will be reached soon. experts forecast economic turmoil in january, if a deal is not reached. >> john boehner took a break from the negotiations to help light of the christmas tree. eagle scout, from colorado springs helped out and there is. the crowd in cheers and the u.s. air force played " a christmas tree " and other holiday classics. this is a spruce tree from call rental white river national forest. it has 10,000 lights, ornaments and will be let in each night until the day after christmas. >> we are going to take a look at the golden gate bridge. dry roadways. the bulk of the wet weather is to the north. it is going to pick up in intensity, overnight. it will impact certain areas to more with
, president obama rejected a proposal from house speaker john boehner. he spoke on bloomberg television. >> unfortunately the speaker's proposal right now is still out of balance. i'm happy to entertain other ideas that the republicans may present. but we are not going to simply cut our way to prosperity or to cut our way out of this deficit problem that we have. we're going to need more revenues. in order to do that, that starts with higher rates for the folks at the top. >> reporter: the president did say today he would consider lowering rates again for the top two percent next year as part of a broader tax overhaul. the house republican plan envisions $2.2 trillion in deficit reductions over the next decade. $800 billion would come from new revenues but with no hike in tax rates for top earners. instead the plan reles on .2 trillion in reduced spending including $600 billion from changes in medicare and medicaid. at the white house today, the president met with a bipartisan group of governors pressing his own plan for deficit reduction. that proposal, $1.6 trillion in revenue from ta
big potential problem for speaker boehner even if he's willing to compromise with president obama, people within his own party are not are already saying they won't be willing to go along. i'll have more on that during my next update. reporting live from washington, d.c. alison burns ktvu channel 2 news. >>> controversial comedian katt williams says he's done. he's quitting stand up comedy after another run in with the law. >> i'm just going to go ahead and announce my retirement from stand up. i'm kind of done. >> katt williams made that announcement outside of a hotel sunday night after being kicked out of the hotel. on sunday he was taken to jail accused of fight inside of a bar in seattle. now his tour stop in oakland you may remember was cut short by an on stage meltdown the one you're looking at here. also a beckly man accused williams of hitting him in the head with a bottle. he is also accused of leading police on a chase in downtown sacramento. >>> police in fremont searching for a suspect blamed for several robberies. a felony arrest warrant issued for kane barzeal. he d
againsy on the fiscal cliff. speaker boehner is demanding a face-to-face meeting with president obama and the pentagon is preparing for the worst. >> it could take a week to clear out the backlog of ships. we're live at the port of los angeles straight ahead. tracy: time for stocks as we do every 15 minutes. nicole petallides on the floor of the new york stock exchange. it has been a wild ride. a lot of it has to do with apple, right? >> the big picture, markets are higher. apple has come under pressure. let's look at the major market averages. the dow is up triple digits, completely erasing losses over last couple days. posting a gain for the week. tech-heavy nasdaq pom cost it is moving to the because weighed down by apple. research and findings have found that apple faces intense competition in the tablet market for ipad and ipad mini and probably will lose market share to android and even microsoft systems. you're seeing apple down 28, almost 29 bucks. a terrible day if you're a shareholder hoping to get to the upside. a lot of folks hope it will get back to 700. not today. look a
you bridge the divide between where boehner and obama is, on the specific issue of revenue and overhauling the tax code? >> thank you. my job is to tell my clients what is going to happen, not what i would like to happen. i would like to take a close look at what is being proposed. with regard to taxes and deductions, what i am struck by is how rapidly the debate is moving away from what was said. bowles-simpson said broaden the base, lower the rates. we now have the president's proposing raising the rates and opposing a base-broadening measure. republicans want to keep the rate same and broaden the base, but that is different. bowles-simpson had it right. i look at the logic of the white house with regard to the idea of capping itemized deductions. i would like to take a look at it from a cost-benefit point of view. we're looking at tax expenditures, and we should weigh the cost of benefits in doing it. they're against it for two reasons. the first one would affect some taxpayers making less than $250,000, which is true. this would be a $50,000 cap, so the people we're ta
immediate action to avoid those automatic tax increases and spending cuts come january. president obama is saying that with the way speaker boehner plan stands now, no deal. >> unfortunately the speaker's proposal is out of balance. we will have to see the rates on the top 2% go up and we are not going to be able to get a deal without it. >> that was an exclusive with bloomberg t.v. and the first televised interview since the president's re-election. as you heard, taxes are the big issue blocking this deal from taking place. president obama is calling for downhill the amount of tax revenue as speaker boehner over the next tens years, most from the nation's top earners. many. republicans say that's not the way to handle this. here is marco rubio. >> it wouldn'ting make a small bent in the debt but it would heard middle class businesses. >> the g.o.p. could be risking a civil war over this issue. it does not look like obama is ready to cave. if that forces republican leaders to compromise staunch conservatives will likely rebel. more "bill press" up after t
. right now president obama is meeting with the washington business roundtable. that's just minutes after speaker boehner met with rank and file gop lawmakers and former speaker pelosi met with house democrats. they are all in each other's corners speaking amongst each other but all eyes are on the fiscal cliff. let's scoot over to the president. easy merging from that meeting with the washington business leaders. let's see what he has to say. >> jim, thanks for your leadership. you know, originally my team had prepared some remarks, they always get nervous when i'm out there on my own, never know what i might say. but given the dialogue that we had the last time, i thought it was useful for me to abbreviate my remarks, speak off the cuff at the top and then most of the time just having a conversation. let me begin by saying all of you in this room are not just business leaders, not just ceos of your companies but you're also economic leaders and thought leaders in this country and i recognize that all of you have an enormous investment not only in your own companies but in the well-being
of makers and takers. it still divides this country. that's what john boehner is putting up as counterproposal to president obama. they need evolution on the scientific front and economic front if they're going to succeed. >> jennifer: and on the inclusivity front. even george w. bush had a speech yesterday where he was talking about the importance of immigration and you know, obviously rubio has been saying that but if they continue down this path they've been on, it is over for them. 2016, we have a new poll for hillary clinton or at least testing the waters as "the washington post," abc news poll, not her testing the waters but them. a poll showing 57% of americans support a presidential run by clinton. 37% oppose it. how much time off do we give her after she steps down from being secretary of state before we start to read the tea leaves? >> we're reading them now. >> jennifer: i totally agree with you. >> i'm a secret delegate for the 2016 democratic national convention. my first choice is hillary clint
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